 1.4.1: In Figure 1.54, which shows the cost and revenue functions for a pr...
 1.4.2: Figure 1.55 shows cost and revenue for a company. (a) Approximately...
 1.4.3: (a) Estimate the fixed costs and the marginal cost for the cost fun...
 1.4.4: Values of a linear cost function are in Table 1.27. What are the fi...
 1.4.5: The cost C, in millions of dollars, of producing q items is given b...
 1.4.6: (a) Give an example of a possible company where the fixed costs are...
 1.4.7: Suppose that q = f(p) is the demand curve for a product, where p is...
 1.4.8: A company has cost and revenue functions, in dollars, given by C(q)...
 1.4.9: The demand curve for a quantity q of a product is q = 5500 100p whe...
 1.4.10: A demand curve is given by 75p + 50q = 300, where p is the price of...
 1.4.11: An online seller of Tshirts pays $500 to start up the website and ...
 1.4.12: A car wash operator pays $35,000 for a franchise, then spends $10 p...
 1.4.13: A couple running a housecleaning business invests $5000 in equipme...
 1.4.14: A lemonade stand operator sets up the stand for free in front of th...
 1.4.15: A company thatmakes Adirondack chairs has fixed costs of $5000 and ...
 1.4.16: An amusement park charges an admission fee of $21 per person as wel...
 1.4.17: A photocopying company has two different price lists. The first pri...
 1.4.18: A company has cost function C(q) = 4000+2q dollars and revenue func...
 1.4.19: A movie theater has fixed costs of $5000 per day and variable costs...
 1.4.20: A company producing jigsaw puzzles has fixed costs of $6000 and var...
 1.4.21: Production costs for manufacturing running shoes consist of a fixed...
 1.4.22: A $15,000 robot depreciates linearly to zero in 10 years. (a) Find ...
 1.4.23: A $50,000 tractor has a resale value of $10,000 twenty years after ...
 1.4.24: A new bus worth $100,000 in 2010 depreciates linearly to $20,000 in...
 1.4.25: A corporate office provides the demand curve in Figure 1.57 to its ...
 1.4.26: The table shows the cost of manufacturing various quantities of an ...
 1.4.27: One of Tables 1.28 and 1.29 represents a supply curve; the other re...
 1.4.28: Figure 1.58 shows supply and demand for a product. (a) What is the ...
 1.4.29: A company produces and sells shirts. The fixed costs are $7000 and ...
 1.4.30: When the price, p, charged for a boat tour was $25, the average num...
 1.4.31: Table 1.30 gives data for the linear demand curve for a product, wh...
 1.4.32: The demand curve for a product is given by q = 120,000 500p and the...
 1.4.33: World production, Q, of zinc in thousands of metric tons and the va...
 1.4.34: A taxi company has an annual budget of $720,000 to spend on drivers...
 1.4.35: A company has a total budget of $500,000 and spends this budget on ...
 1.4.36: You have a budget of $2000 for the year to cover your books and soc...
 1.4.37: Linear supply and demand curves are shown in Figure 1.59, with pric...
 1.4.38: The demand for a product is given by p = 9010q. Find the ratio !!!!...
 1.4.39: A demand curve has equation q = 100 5p, where p is price in dollars...
 1.4.40: A supply curve has equation q = 4p 20, where p is price in dollars....
 1.4.41: A tax of $8 per unit is imposed on the supplier of an item. The ori...
 1.4.42: The demand and supply curves for a product are given in terms of pr...
 1.4.43: In Example 8, the demand and supply curves are given by q = 100 2p ...
 1.4.44: Answer the questions in 43, assuming that the 5% sales tax is impos...
Solutions for Chapter 1.4: APPLICATIONS OF FUNCTIONS TO ECONOMICS
Full solutions for Applied Calculus  5th Edition
ISBN: 9781118174920
Solutions for Chapter 1.4: APPLICATIONS OF FUNCTIONS TO ECONOMICS
Get Full SolutionsApplied Calculus was written by Patricia and is associated to the ISBN: 9781118174920. Since 44 problems in chapter 1.4: APPLICATIONS OF FUNCTIONS TO ECONOMICS have been answered, more than 13494 students have viewed full stepbystep solutions from this chapter. This expansive textbook survival guide covers the following chapters and their solutions. This textbook survival guide was created for the textbook: Applied Calculus, edition: 5. Chapter 1.4: APPLICATIONS OF FUNCTIONS TO ECONOMICS includes 44 full stepbystep solutions.

Characteristic polynomial of a square matrix A
det(xIn  A), where A is an n x n matrix

First octant
The points (x, y, z) in space with x > 0 y > 0, and z > 0.

Graph of an equation in x and y
The set of all points in the coordinate plane corresponding to the pairs x, y that are solutions of the equation.

Graphical model
A visible representation of a numerical or algebraic model.

Imaginary unit
The complex number.

Length of a vector
See Magnitude of a vector.

Local maximum
A value ƒ(c) is a local maximum of ƒ if there is an open interval I containing c such that ƒ(x) < ƒ(c) for all values of x in I

Minute
Angle measure equal to 1/60 of a degree.

nset
A set of n objects.

Positive linear correlation
See Linear correlation.

Random behavior
Behavior that is determined only by the laws of probability.

Random numbers
Numbers that can be used by researchers to simulate randomness in scientific studies (they are usually obtained from lengthy tables of decimal digits that have been generated by verifiably random natural phenomena).

Range (in statistics)
The difference between the greatest and least values in a data set.

Right circular cone
The surface created when a line is rotated about a second line that intersects but is not perpendicular to the first line.

Secant line of ƒ
A line joining two points of the graph of ƒ.

Statistic
A number that measures a quantitative variable for a sample from a population.

Union of two sets A and B
The set of all elements that belong to A or B or both.

Upper bound test for real zeros
A test for finding an upper bound for the real zeros of a polynomial.

Vertical component
See Component form of a vector.

Vertical stretch or shrink
See Stretch, Shrink.